To ensure this is legally valid, it's important to make these wishes clear in a formal document, such as your will. This appoints a nominated person or surviving spouse to step in and care for any dependents if you pass away suddenly.Your choice may also rest on the Australian state they reside in, their ability to deal with these complex situations and make funeral arrangements. As this might involve selling property, attending the supreme court, filling out formal documents, it's important this person is of sound mind and able to cope with the time consuming nature of this role. They'll be responsible for managing your estate assets, superannuation fund, financial arrangements, and end-of-life wishes after you die. Think of a responsible person, whether it's a family friend, trusted family member, lawyer, Public Trustee or other corporate provider, who you want to to handle your estate administration.Below we provide further information on who appoint, the whole process of what they'll do and things to consider in your choice: When writing your will, it's important to think about several different roles which safeguard these wishes and protect your assets and your potential beneficiaries. Next, it's time to appoint people to carry out those all important wishes for you. Step 2: Nominate people to take care of your wishes & affairs Where are your passwords and account details stored?.What digital assets and accounts do you have?.In sum, when identifying your assets & debts, ask yourself: If you wish, can also provide social media login details to preserve your digital legacy after you die. ![]() ![]() This covers digital devices, as well as online platforms used to access your digital assets across bank accounts, share holdings, vehicle registrations etc. To enable your family members easy access after you die, it can be useful to include a list of passwords and login details in your last will and testament. You'll also need to consider digital assets and accounts. Should I include digital assets in my will? Valuable possessions or items with sentimental value.Any intellectual property including patents and copyrights.Personal items including vehicles, boats, motorcycles.Financial circumstances on savings accounts and debts.The final list inventory will cover all your personal assets, financial affairs and debts, including: Step 1: Create an inventory of all your assets and liabilitiesĬompile a list of everything you own and assign a value to it. Communicate to superannuation & life insurance suppliers.Nominate executor, POA & guardians to carry out your wishes.Decide how & who you want to distribute these assets to.These 6 steps cover exactly what you'll need to prepare and to write your will: ![]() But if your looking to fly through as smoothly as possible, today we offer you a one-stop, ultimate list of everything you'll need to prepare in advance. Our online process splits your Will-writing into manageable chunks, to be completed around your own personal circumstances. But with our support, we can at least provide shelter from the Will stress storm which might be putting you off this important piece of life admin. Sadly, we can't help you avoid death all together. Confronting your end-of-life plans can feel overwhelming enough, without the added stress of complex jargon and intimidating but important legal documents to navigate. ![]() At Safewill, we appreciate writing your Will can be daunting.
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